The removal of subsidy on household kerosene, has ignited fears that marketers will sell the scarce commodity as high as N250 per litre in some locations in the country, despite the open market price of N83/L stipulated by the government.
Some of the marketers and dealers who spoke to Sweetcrude disclosed that prior to the new price announced by the Federal Government, they sold the product between N100 and N150/Litre, but with the new price, they will sell at even higher prices.
Most of the filling stations visited in Abuja, the Federal Capital, claimed they have not yet purchased new stock since the announcement, while those that had the product were selling at N120/L.
For instance, Forte Oil in Central Area District, Area 3, said the last time they had the product was three months ago, Total in Area 11 and Area 3, said theirs was last sold two months ago, while all the private stations visited in the same areas did not have the product also.
Commenting on the price hike, ActionAid Nigeria, an anti-poverty agency, argued that this will further worsen the poverty situation in the country.
According to the Country Director, ActionAid, Ojobo Atuluku, the Federal Government’s decision to remove subsidy on kerosene signifies a continuation of a worrying trend of regressive policies that are emanating in recent times.
Atuluku noted that the product is mostly used by the poor who have no other means of preparing their meals and lighting up their homes in the face of unreliable electricity.
